San Francisco, 25 September 2018 - Global pleated filters market is expected to reach USD 12.83 billion by 2020, according to a new study by Grand View Research, Inc. Stringent environmental regulations regarding deteriorating air quality coupled with increasing need for energy conservation are expected to remain a key driving factor for the global market. Growing prevalence of air borne disease is also expected to have a positive influence on the market growth. Increasing competitiveness in oil & gas industry will further increase demand for quality products, driving demand for pleated technology in oil filter market. Easy availability of substitute products is expected to remain a key challenge for market participants.
Air filters emerged as the leading product segment and accounted for 54.4% of total market volume in 2013. Increasing demand for improved air quality coupled with increasing prevalence air borne diseases across the globe is expected to remain a key driving factor for this segment. Oil filters is expected to be the fastest growing product segment at an estimated CAGR of 7.4% from 2014 to 2020. Growing demand for petroleum products is expected to remain a key driving factor for this segment. In additon, increasing competitiveness for better and environmental friendly products is also expected to have a positive influence on the market growth. Full Research Report On Global Pleated Filters Market By Grand View Research: www.grandviewresearch.com/industry-analysis/pleated-filters-market Further key findings from the report suggest:
www.grandviewresearch.com/industry/hvac-and-construction-technologies Grand View Research has segmented the pleated filters market on the basis of product, application and region: Global Pleated Filters Product Outlook (Volume, Million Units; Revenue, USD Million, 2012 - 2020)
www.grandviewresearch.com/press-release/global-pleated-filters-market About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. For More Information: www.grandviewresearch.com
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